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CARS24
About
CARS24 offers a tech-enabled marketplace for buying and selling pre-owned cars.
- 1001 - 5000
Details
- Last Funding Type
- Series G
- Last Funding Money Raised
- ₹22.80B
- Industries
- Artificial Intelligence,Automotive,E-Commerce,Electrical Distribution,Marketplace
- Founded date
- Jan 1, 2015
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
CARS24 offers a tech-enabled marketplace used for buying and selling pre-owned cars. It aims to revolutionize the way used cars are sold by creating an efficient and reliable way for car owners to sell their used cars at a reasonable price. It utilizes an AI-enabled pricing algorithm that displays the accurate market price as well as the appraisal price of a vehicle. The platform also books appointments for vehicle inspection. The services provided by the company helps customers sell their vehicle in a secure and efficient manner. CARS24 is backed by Exor Seeds, Moore Strategic Ventures, and Unbound.The company was founded in Gurgaon, Haryana, India in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agrawal, and Gajendra Jangid.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 20, 2021 | Series G | ₹22.80B | 1 | — | — | Detail |
| Sep 20, 2021 | Series F | $340M | 1 | — | — | Detail |
| Oct 17, 2019 | Series D | $100M | 3 | — | — | Detail |
| Jun 7, 2018 | Series C | $49.95M | 1 | — | — | Detail |
| Mar 1, 2018 | Series B | $8M | 3 | — | — | Detail |
Investments
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
Alibaba Group
|
— | Series G |
|
|
— | Series F |
|
|
— | Series D |
|
|
— | Series D |
|
|
— | Series D |
500 Global
|
— | Series C |
|
|
— | Series B |
|
|
— | Series B |
Kohlberg Kravis Roberts
|
— | Series B |
